South African bonds were hardly changed on Wednesday morning, with trade subdued due to US markets being closed for Thanksgiving and the Reserve Bank’s monetary policy decision later in the day.The Bank is widely expected to keep interest rates on hold, but analysts expect a hawkish tone from the monetary policy committee.Bonds gained on Wednesday as global sentiment towards emerging-market assets improved.Advances on SA’s bonds were relatively muted on Wednesday, but this was understandable given the uncertainty ahead of rating agency reviews due on Friday and the pending Bank decision, said Sasfin Securities bond analysts.The rand had slipped slightly on Wednesday morning, but analysts expect range-bound trade ahead of the Bank’s interest-rate decision.At 9.12am, the R186 was bid at an unchanged 9.39%, while the R207 was likewise static at 8.10%.The rand was at R13.8772 to the dollar from R13.8253.The US 10-year treasury bond was last seen at 2.3187% from 2.3559%.
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